Cash/Airedale: What language would you use to describe the amplitude of the 20-week low appearing at the next 5-week low as it did in January 2005? I'm not asking for a fancy label to categorize the event but a cause-and-effect explanation. And if we simply don't know why it happened, then let's say so. But if it did happen, then there *is* evidence in the cyclical literature (Airedale's posts) and in the actual market record.
I'm not even sure that the two of you agree on what happened last year. If you don't, I see this as an issue with the Hurst system. It leaves so much room for interpretation that we can just make things up as we go along. I'm not sure this latter statement is true, but it is at least a justified criticism leveled by more academic financial advisor types. It is a question that I will continue to bring up when I see that it is warranted, because I love the Hurst cycle system and want to encourage professional-level analysis and communication concerning it.
After the question in the first paragraph has been answered and settled, I will bring up the evidence that I see that suggests the same thing (or similar market event) *may* be happening this year. My language last night that it is in the cards was not justified because I don't know that. I still think a case can be made, that there is evidence, and that it very well might happen. Once we have hashed out the first question, I will present my case.
BB
AI
